Average inflation measured by CPI rose 11.0% to 1.94% in the European Union in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in the European Union reached an all time high of 1.94% in 2020 and an all time low of < -0.001% in 2015. When compared to European Union's main peers, average inflation measured by CPI in China amounted to 2.65%, 1.66% in Japan, 4.80% in Russia and 2.30% in USA in 2020.
European Union has been ranked th within the group of 171 countries we follow in terms of average inflation measured by CPI.
Inflation, CPI (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Canada | % | 0.016% | 0.023% | 0.019% | 2.10% | 2.11% | ||||||||||||||||
China | % | 0.016% | 0.021% | 0.029% | 2.65% | 2.80% | ||||||||||||||||
European Union | % | 0.014% | 0.017% | 0.016% | 1.94% | 2.03% | ||||||||||||||||
Germany | % | 0.015% | 0.017% | 0.014% | 2.08% | 2.29% | ||||||||||||||||
India | % | 0.025% | 0.049% | 0.077% | 4.57% | 4.26% | ||||||||||||||||
Japan | % | 0.005% | 0.010% | 0.005% | 1.66% | 1.05% | ||||||||||||||||
Mexico | % | 0.060% | 0.049% | 0.036% | 3.01% | 3.00% | ||||||||||||||||
Russia | % | 0.037% | 0.029% | 0.045% | 4.80% | 4.80% | ||||||||||||||||
South Korea | % | 0.019% | 0.015% | 0.004% | 2.00% | 2.00% | ||||||||||||||||
USA | % | 0.021% | 0.024% | 0.018% | 2.30% | 2.19% |